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Terms and Conditions for MSIG MaidPlus Insurance Promotion (“Promotion Terms”)

  1. This MSIG MaidPlus Insurance Promotion (“Promotion”) is jointly organised by MSIG Insurance (Singapore) Pte. Ltd. (“MSIG”) and Standard Chartered Bank (Singapore) Limited (“SCBSL”). The Promotion is valid from 14 May 2025 to 20 May 2025, both dates inclusive (“Promotion Period”).
  2. By participating in this Promotion, you hereby agreed to be bound by these Promotion Terms.

Promotion 

  1. If you purchase a MaidPlus Insurance from MSIG during the Promotion Period through SCBSL, you will be entitled to a 30% discount off your total first year premium (“Promotional Discount”).
  2. This Promotion is applicable to new applications only during the Promotion Period and is not valid with other promotions, discounts, offers, vouchers, rebates or privileges.
  3. If you cancel your MaidPlus policy for any reason at all, MSIG reserves the right to retain a minimum premium of S$50. Cancellation refund, if any, is allowed if no claims have been made.

General Terms 

  1. MaidPlus Policy is underwritten by MSIG and distributed by SCBSL. SCBSL shall not be liable in any manner whatsoever regarding your application or the contract of insurance. Guaranteed elements (if any) are obligations of MSIG only. All insurance products are not deposits with, obligations of, or guaranteed by the Bank.
  2. Your purchase of the Policy is subject to MSIG’s policy terms and conditions, and acceptance. SCBSL does not accept any responsibility regarding any statement made in, omission or inclusion of any provisions of, the Policy terms and conditions nor shall SCBSL be held liable in any manner whatsoever in respect of your application for the Policy or the Policy terms and conditions.
  3. Each of MSIG and SCBSL may at any time, without any prior notice or liability to you, vary the terms and conditions of this Promotion or withdraw or discontinue the Promotion at any time. The decision of MSIG and SCBSL on all matters relating to this Promotion, including determining your eligibility to participate, shall be at their absolute discretion and will be final and binding.
  4. In the event of any inconsistency between these Promotion Terms and any brochures, marketing or promotional materials relating to the Promotion, these Promotion Terms shall prevail.
  5. A person who is not a party to these terms and conditions has no right under the Contracts (Rights of Third Parties) Act (Cap.53B) to enforce any of these Promotion Terms.
  6. These Promotion Terms are governed by and construed in accordance with the laws of the Republic of Singapore and you agree to submit to the exclusive jurisdiction of the courts of the Republic of Singapore.
  7. This document is not a contract of insurance and reference should be made to the actual policy for the exact terms and conditions applicable. It does not constitute an offer to buy or sell an insurance product or service. It is also not intended to provide any insurance or financial advice. All insurance products described in this document are products of and underwritten by MSIG Insurance (Singapore) Pte. Ltd. and they are not products of, nor are they underwritten by Standard Chartered Bank (Singapore) Limited.
  8. Standard Chartered Bank (Singapore) Limited shall not be liable in any manner whatsoever regarding your application or the contract of insurance. In facilitating insurance arrangements or in referring customers to any insurer, the Bank is acting in alliance with the insurer and not as an agent for customers.  This document is being distributed for general information only and it does not constitute an offer, recommendation, solicitation to enter into any transaction.
  9. This Policy is protected under the Policy Owner Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your Policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact MSIG Insurance (Singapore) Pte. Ltd. or visit the GIA or SDIC websites (www.gia.org.sg or www.sdic.org.sg).

All information is correct at time of print.